According to Kpler, Japan’s strategic oil reserves have fallen to the lowest level on record. This follows a 66% drop in crude oil imports in April, triggered by the ongoing blockade of the Strait of Hormuz. To maintain supply, Japan is increasingly drawing on its reserves. Japan is among the world’s most dependent countries on oil shipments through the Strait of Hormuz, ranking third after China and India. 📉
This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.
Post your reply